Home ECONOMY Uber Ceases Operations in Colombia

Uber Ceases Operations in Colombia

by biasharadigest

Uber has exited the Colombian market, after a court ruling that deemed its operation as unfair competition in the country.

On 20th December 2019, the court ruled that the taxi-hailing app violated the competition rules in the country. Nevertheless, the firm appealed the ruling to the President, seeking to continue with the operations. However, as the 1st February 2020 dealine loomed, the firm was yet to win the appeal, forcing it to hang its boots after six years of service.

Uber Eats, though, will continue operating in the market.

This comes a few months after the firm also lost is its London operational license, amid safety concerns.

Read Also: Uber Loses Its London Operational Licence

Uber Technologies Inc. is an American multinational ridesharing company. Its services include peer-to-peer ridesharing, ride service hailing, food delivery, and a bicycle-sharing system. The company is based in San Francisco and has operations in over 785 metropolitan areas worldwide. 

See Also:

Uber Launches in Ivory Coast

Uber Partners with Delhi Metro Rail on Public Transport in India

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